Dhaka, July 15 (UNB) – President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh F Fahim on Monday shared Bangladesh’s liberal and flexible investment regime with foreign investors at ‘CWBTA Eastern India Trade Summit-2019’ being held in Kolkata.
He said Bangladesh offers investment facilities, including tax exemptions, tariff refund, double taxation prevention, 100 percent foreign ownership, full repatriation of capital invested from foreign sources.
The Confederation of West Bengal Trade Associations (CWBTA) is hosting the two-day event to help explore new trade opportunities and build closer partnership with neighbouring countries.
The summit aims to interact with the business leaders of partner countries on business opportunities, suggestions for the ease of foreign trade, product basket and informative exchanges.
Minister and Mayor of Kolkata Firhad Hakim inaugurated the Summit in the morning. Finance Minister of West Bengal Dr Amit Mitra was also present, according to FBCCI.
Government officials, business leaders from Thailand, Bangladesh, Nepal, Bhutan and India are participating in the summit.
The FBCCI President, who is leading a business delegation at the summit, presented a paper after the inaugural session.
The business delegation, led by the apex trade body chief, will return home on July 17.
FBCCI Vice President Md Siddiqur Rahman will act as acting President of the FBCCI in absence of the President.